Primo Water and Bluetriton Brands Announce Receipt of All Regulatory Approvals In Connection With Their All-Stock Combination

Core Viewpoint - Primo Water Corporation and BlueTriton Brands have received regulatory approval for their all-stock combination, marking a significant step towards creating a North American leader in healthy hydration solutions [1][2][3] Regulatory Approvals - The approval under the Investment Canada Act is a necessary condition for the completion of the transaction, following the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act [2] - All regulatory approvals have now been received, with the transaction expected to close by the end of calendar year 2024, pending customary closing conditions including shareholder and court approvals [2] Company Strengths and Strategic Benefits - The CEO of Primo Water expressed confidence that shareholders will recognize the value of the combination, which is expected to deliver significant benefits for customers, associates, shareholders, and stakeholders [3] - Both companies are entering the transaction from a position of strength, aiming to enhance their market presence in the water solutions sector [3] Company Profiles - Primo Water is a leading provider of water solutions in North America, operating under a recurring revenue model primarily in the large format water category, with innovative water dispensers sold through approximately 11,350 retail locations [5] - The company's business strategy includes Water Direct, Water Exchange, and Water Refill services, promoting sustainable hydration solutions and reducing plastic waste [5][6] - BlueTriton Brands produces and distributes a variety of water and beverage products, including well-known brands like Poland Spring and Deer Park, and operates a home and office beverage delivery platform called ReadyRefresh [8][9] Sustainability Commitment - Primo Water is committed to water stewardship and partners with the International Bottled Water Association to ensure adherence to safety, quality, and regulatory standards [6] - BlueTriton manages water resources for long-term sustainability and protects over 20,000 acres of watershed area, with operations across more than 50 active spring sites [10]